Insurance Junkie

Bajaj Allianz Life Insurance Co. Ltd.

BajajAllianzLife – Bajaj Allianz Life Insurance Co. Ltd.

—

by

junkieinsurance
in ,
Rate this post

Bajaj Allianz Life Insurance Co. Ltd. specializes in insurance, life insurance, health insurance and all kinds of professional Insurances. Bajaj Allianz Life Insurance is a joint undertaking between Bajaj Finserv Limited (formerly part of Bajaj Auto Limited), maintained by the Bajaj Group of India and Allianz SE, a European financial services company.  Being one of India’s private insurance companies allows insurance products for financial planning and security.

Bajaj Allianz Life Insurance is led by Tarun Chugh, the Managing director and Chief Executive Officer. It begins operations on 12 March 2001 and today has a pan-India presence of 759 branches. It has received the Insurance Regulatory and Development Authority (IRDA) certificate of Registration on 3 August 2001 to conduct Life Insurance business in India.

Types of Bajaj Allianz Life Insurance

You are given below cheapest though most vital of life insurance outputs which provide a lump sum amount to your family in the unfortunate event of your death.

https://www.bajajallianzlife.com/

Bajaj Allianz Term Plans

iSecure Plan: It is a non-participating term insurance policy that offers the following key benefits

  1. The program offers a rebate for the policyholders with a high sum assured.
  2. For non-smokers and medically fit people, the plan provides discounted rates.
  3. The Policyholder can do the payouts in instalments. The plan also provides life cover for the spouse of the Policyholder.

iSecure more plan: It is a non-participating term insurance plan that provides increasing cover.

  1. The program offers increasing life insurance cover.
  2. Provides rebate on the high sum assured.
  3. Provides the option to get death benefits in instalments.
  4. The plan also offers joint life cover wherein the policyholder’s spouse can be included in the program.

iSecure Loan Plan: It is a non-participating term insurance plan that provides mortgage cover as well.

  1. The plan offers a rebate for high sum assured policyholders.
  2. It also offers joint life insurance coverage for the spouse of the policyholder.
  3. It is a decreasing term insurance policy wherein the sum assured decreases every year.

eTouch Online Term: It is an online pre-time term plan.

  1. The plan provides life cover.
  2. It also offers accidental cover.
  3. This plan also offers critical illness cover.
  4. The option of rejection of premium.

Bajaj Allianz ULIP Plans

Investment Policy: It is a unit-linked pension plan with the following essential features:

  1. The program offers life cover.
  2. It provides the most premium allocation.
  3. Allows two plans of investment
  4. Gives extensively accessible switches.

Purchase Plan: The new age ULIP policy that gives a return of life case. The key advantages of this program are:

  1. The policy gives various choices of instalment payment, which are single premium, limited, and proper amount.
  2. The policyholder has the choice to make unfair payments from their funds.
  3. The plan provides choices of agreement with the revenue enhancer.
  4. In development, the plan returns the mortality charges in the causes of Limited/ Regular Premium plans.

Bajaj Allianz Pension Plans

Pension plans help you save for your old age to maintain the same lifestyle even after you retire.

Bajaj Allianz Life Pension Guarantee Plan: This program is for those who want an instant annuity. The essential points of this plan are:

  • The plan provides the choice of purchase price return.
  • It gives six annuity options to select from.
  • This pension plan provides a choice wherein the policyholder can include their spouse.
  • Various regularities to make annuity are allowed.

Bajaj Allianz Life Retire Rich: It is a unit-linked pension plan that gives the following key points:

  1. The program gives guaranteed profits of vesting.
  2. It presents the chance to pay a premium as single pay, limited, or monthly pay.
  3. Builds pension capital.
  4. Gives a different top-up option.

Bajaj Allianz Child Plans

Child policies help you acquire a good amount of money which you can reserve for your child’s future, be it education or marriage.

Bajaj Allianz Young Assure:  It is a regular profits plan for children. The highlights of this plan are:

  • The plan gives guaranteed profits and guaranteed maturity advantages.
  • The program gives various policy terms and premium payment choices.
  • There are three cash payment choices.
  • A policyholder can avail of different rider advantages to improve the coverage.

Bajaj Allianz Lifelong Assure A child insurance policy that gives non-linked whole life coverage. The key benefits of this plan are:

  1. The plan gives guaranteed cashback till the policyholder reaches the age of 99 years.
  2. It is an entire life insurance plan.
  3. The program offers a cash reward that starts at the end of the sixth plan year.
  4. The death advantage is also allowed in this plan, similar to 300% of the total sum assured.

Best of Luck…